Week Ahead: Auto sales, Q3 updates, FII flow, global cues among key market triggers for Nifty in new-year week
Live MintThe Indian stock market is on track to conclude 2024 on a positive note even as it waded through several challenges led by domestic and global factors. As the stock market prepares to close 2024 and begin the new calendar year with the new month, investors will closely monitor key market triggers, including the first set of December quarter estimates/updates for the current fiscal 2024-25, auto sales figures, domestic and global macroeconomic data, foreign fund outflows, and other global cues. As the Q3 earnings season approaches, corporate quarterly updates will trickle in, setting the stage for market expectations,” said Santosh Meena, Head of Research, Swastika Investmart Ltd. 4 new IPOs, 6 listings to hit D-Street Indo Farm Equipment IPO will open for subscription in the mainboard segment on December 31. Global Cues On the global front, the US 10-year bond yield and the dollar index rose last week, with bond yields increasing by 1.35 per cent and the DXY edging up 0.15 per cent. Oil Prices International crude oil prices settled more than one per cent higher in the previous session, logging a weekly gain in low trading volume ahead of year-end.